Huge pay bonanza for Gold Fields execs
Ann Crotty/Moneyweb
Nick Holland, outgoing CEO of Gold Fields. Picture: Supplied
Outgoing CEO Nick Holland was one of the largest beneficiaries of the annual sale, bagging R114.8 million when he sold 914 324 shares last month.
In what has become something of an annual event, in February top executives at Gold Fields bagged enormous profits by liquidating huge tranches of shares awarded to them as part of their long-term incentives.
This year the executives sold off half a billion rands worth of shares, as the Gold Fields share price enjoyed the benefit of a surge in the gold price.